Re:US Federal Reserve says its goal is ‘to get wages down’
by onlyrealcuzzo on Saturday May 28, 2022 @06:59PM
(#31544606)
> In sum, the USGOV is not shy about cutting the nuts off the "capital owning class" and its doing that right now with higher interest rates, higher taxes, more regulation & declining asset prices.
When did Federal income tax go up? REALLY rich people don't have income - they have capital gains - that's not going up at all.
Asset prices are down 15% from being up 50% - they're still up higher than average from the beginning of Covid.
I imagine they will still go lower - but my crystal ball rarely works.
When did Federal income tax go up? REALLY rich people don't have income - they have capital gains - that's not going up at all.
Asset prices are down 15% from being up 50% - they're still up higher than average from the beginning of Covid.
I imagine they will still go lower - but my crystal ball rarely works.
Either way, the wealthy are doing just fine.